Beware of drowning as property policy changes the tide

If transaction volume is an indication of public confidence in the vision laid out for the property market by Leung Chun-ying in his first policy address last Wednesday, the new chief executive will be disappointed.

Shrugging aside assurances that housing supply increase and so pressure on prices would ease, buyers stormed into the market after the speech and many sellers reportedly raised their asking prices by 5 to 10 per cent.

via Business feed http://www.scmp.com/business/article/1133394/beware-drowning-property-policy-changes-tide